As long as the price is above the upward sloping green trendline one can enter the counter... resistance is at the 52 week high level of 267 above which ATH resistance is at 335 levels....looking at the depth of the cup, the final target comes to 350-360.... as an oil producer it is in a purple patch as far as margins is considered...moreover, its stake in the refinery subsidiary has been transferred to a State Govt for some 400 crores..
Comment:
price is at a tricky place.. OIL at the daily support line.. could go either way now
Trade closed: stop reached